Monday, May 24, 2010

Sarah Palin: BP (NYSE:BP) and Obama Connection

Sarah Palin lashed into Barack Obama this weekend for his cozy relationship with oil companies like BP (NYSE:BP), and others in the industry, saying it is Obama's Katrina in the way he responded.

Palin said, "I don't know why the question isn't asked by the mainstream media and by others if there's any connection with the contributions made to president Obama and his administration and the support by the oil companies to the administration."

Obama's lack of action in the beginning has been questioned by a growing number of people, saying his relationship with big oil has been too close.

Citing the response of mainstream media against President George W. Bush, Palin added if this was Bush, he would have been scrutinized much tougher than Obama has.

Obama has received the largest contribution from BP in the last two decades, getting $77,051 in one donation from them, according to the Center for Responsive Politics.

According to Palin, this is why he took "so doggone long to get in there, to dive in there, and grasp the complexity and the potential tragedy that we are seeing here in the Gulf of Mexico."

Note: 4 of 5 top recipients are Republican.Individuals and political action committees affiliated with oil and gas companies donated $238.7 million to candidates and parties since the 1990 election cycle, 75% of which went to Republicans.

“Sarah Palin lashed into Barack Obama this weekend for his cozy relationship with oil companies like BP (NYSE:BP)"

"I don't know why the question isn't asked by the mainstream media and by others if there's any connection with the contributions made to president Obama and his administration and the support by the oil companies to the administration”

Palin insults the President's integrity at every turn. Obama raised over $600 million for his campaign, he is unlikely to be dazzled by $900k to such degree he'd sell his soul to BP. And the President does not have the "cozy relationship with Big Oil" that she refers to. http://www.opensecrets.org/ind.....mp;ind=E01http://www.opensecrets.org/orgs/summary.php?id=D000000091

2. REP DON YOUNG(R-AK) RECEIVED $43K FROM 4 BP PACS. FOUND NO PAC RECEIPTS FOR OBAMA

3. REP YOUNG'S $43K PAC RECEIPTS INCREASED HIS TOTAL TO $115K, VS OBAMA's $77K. FACT: REP YOUNG RECEIVED MOST BP "CASH" THRU 2010, NOT OBAMA! YOUNG RECEIVED $38.7K MORE FROM BP THAN THE PRESIDENT.

Palin couldn't wait to launch latest smear attack at President, so did no due diligence or fact-checking prior to disparaging comments on TV & newspaper stories. To knowingly falsely accuse your President, in public, of possible financially-motivated conspiracy with perpetrator of a national disaster like Gulf, suggesting he might even have compromised disaster recovery as a result, thereby hurting the country... is beyond contemptible.... with NO basis or justification for these malicious allegations.

4. PRESIDENT BUSH RECEIVED MOST CONTRIBUTIONS FROM BIG OIL, 1989-2010, NOT PRESIDENT OBAMA! JOHN MCCAIN NEXT HIGHEST, AT $2.6M. FACT: BUSH RECEIVED $4.7M, 5X OBAMA!!